Mortgage Protection – Level Cover – Royal London

Royal London Mortgage Protection

Mortgage Protection – Level Cover life insurance from Royal London is suited to interest only mortgage protection, but also to people with dependents, who don’t have separate adequate life cover. Should a death claim occur during the policy term, the mortgage would be cleared the balance remaining would be payable to your family. Extra features detailed below, are provided at no additional cost. Apply today and get the first month free!

Extra Features

Children's Life Cover

In the awful event that your child of yours dies during the term of your policy, a sum of €5,000 will be paid out.

All of your children between the ages of 3 months and 18 (or 21 if he/she is in full-time education) are covered during the term of the policy.

Special Events Increase Benefit

With this, you can increase the level of your cover without providing any medical evidence, following any of these events:

  • Your mortgage increases, either due to the purchase of a new main residence or the improvement of your main residence
  • You get married
  • You have or adopt a child
  • The maximum increase you can make following any one of these events is the lower of €100,000 and 50% of the original level of cover for that benefit
  • This option ends at aged 55 years old or in joint policies when the older person reaches 55 years old.
Terminal Illness Benefit

If you are diagnosed with a terminal illness and have less than 12 months to live, Royal London will pay the full amount of Life Cover as of the date of diagnosis. A terminal illness is an illness where, in the opinion of the attending Consultant and Royal London’s Chief Medical Officer, you will not survive the next 12 months.

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